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Question
Big Prime is a major lender licensed to lend only in Delaware. Big Prime finds that customers in Sussex County perform far below customers in the other counties. Assume that the county which is heavily into farming and low-paying industrial jobs is 25 percent African-American and has a 40 percent population of legal and illegal immigrants. Big Prime finds that while it is profitable overall, it is losing money on the Sussex County loans. Further research reveals that Sussex County is one of the poorest-performing customer bases nationwide and most companies doing business there are losing money. The board of directors decides not to make any more loans in Sussex County. Big Prime is violating provisions of the:
A. Federal Trade Commission.
B. Fair Credit Reporting Act.
C. Truth-in-Lending Act.
D. Fair Debt Collection Practices Act.
E. Equal Credit Opportunity Act.
Answer
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Related questions
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A. The employer can sue the employee for reimbursements.
B. The employee will be held liable for the employer's torts, while working with the employer.
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D. The employee is entitled to receive respondeat superior claims from the employer.
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B. Since this was an accident, no one will be held liable.
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